The new report by Expert Market Research titled, ‘Global Industrial Display Market Share, Report and Forecast 2023-2028’, gives an in-depth analysis of the global industrial display market, assessing the market based on its segments like major type, application, technology, panel size, end-use and regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 5.87%
North America holds a substantial position within the global marketplace for industrial displays. this will be related to the high demand for industrial displays in military applications and well-established automotive industries across the region. Additionally, due to the increased adoption of HMI applications within the industries, the market is witnessing an extra growth within the region. Further, several leading manufacturers of commercial displays, monitors, semiconductor components, and HMIs are based within the USA, which is another factor pushing the expansion of the market.
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Furthermore, the market is anticipated to grow at a big rate within the coming years also because the region is witnessing a strong demand for remote monitoring solutions, interactive display modules, HMIs, and therefore the growing uptake of IoT-based technologies within the industrial sector. This trend is probably going to supply impetus to the market.
Industry Definition and Major Segments
An industrial display system refers to a set of machines used for displaying digital output. These machines comprise different sorts of TFT-display screens, monitors, and digital signage, among other similar equipment. Industrial monitors or displays are engineered for increased durability and have the power to face up to extreme environmental conditions like high temperatures, moisture, dust, dirt, et al.
On the Basis of Type, the market can be divided into:
- Rugged Displays
- Open Frame Monitors
- Panel Mount Monitors
- Marine Displays
- Video Walls
On the Basis of Application, the market can be divided into:
- Remote Monitoring
- Interactive Display
- Digital Signage
On the Basis of Technology, the market can be divided into:
On the Basis of Panel Size, the market can be divided into:
- Up to 14”
- 40″ and Above
On the Basis of End-use, the market can be divided into:
- Mining and Metals
- Chemical, Oil and Gas
- Energy and Power
On the Basis of region, the market can be divided into:
- North America
- The Asia Pacific
- Latin America
- Middle East and Africa
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The global marketplace for industrial display is growing thanks to increased demand for human machine interface (HMI) applications within the manufacturing and process industries. Human Machine Interfaces (HMIs) and other displays can respond to the changing production demands and punctiliously monitoring the assembly processes, consequently decreasing downtime and increasing workforce efficiency. This trend is stimulating the expansion of the market. Additionally, to the present, the market is growing on account of the growing requirement for digital signage applications in industries.
Furthermore, the market has witnessed expansion at an honest pace in recent years due to the increasing acceptance of LED and LCDs, including the rising adoption of IoT-based technologies. the economic display provides benefits like cost-effectiveness, durability, system reliability, extreme adaptability, speed, system efficiency, lightweight technology, low-power usage, easy installation, extended product lifespan, and customisable features, thereby impacting the market in an advantageous way.
Key Market Players
The major players in the market are LG Display Co., Ltd., Samsung Display, Advantech Co., Ltd., WinMate, Inc., Maple Systems, Inc., and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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